The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The Indian steel sector is a key pillar of the nation's economy, playing a vital role in industrial growth, infrastructure development, and job creation. With a strong foundation of abundant raw materials like iron ore and affordable labour, the ...
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In Q1 FY2025, Indian banks experienced a significant growth in total assets, buoyed by the country's robust economic performance, market intelligence company S&P Global said in a publication on June 12, 2024. The report highlighted the impressive ...
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The real estate sector in India, encompassing residential, commercial, retail, and hospitality segments, plays a crucial role in the economy. It serves as a significant driver for related industries like cement, steel, and furniture, contributing to ...
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The 2023-2024 crop year, which ended in June, was generally challenging for Indian agricultural producers. In the 2023-2024 crop year, the El Nino climate phenomenon resulted in suboptimal foodgrain and pulse output due to the poor monsoon rainfall. ...
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The government's decade-long policy to promote domestic manufacturing and establish India as a global hub for the electronics industry has contributed to the sustained increase in consumer electronics production in India in H2 FY2024. Apple's ...
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India's consumer goods and retail sector experienced substantial growth over H2 FY2024, which indicates the economy's ongoing recovery following the pandemic. During this period, rural Indian consumers exhibited a generally weakened propensity to ...
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The Indian pharmaceuticals and healthcare sector is experiencing an increase in activity. India's robust economic growth and the increased health awareness post-pandemic drive more patients and their families to private healthcare service providers. ...
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India's steel sector stands as a cornerstone of the nation's industrial landscape, playing a critical role in the country's economic development. Fuelled by substantial government infrastructure initiatives and increasing private sector investments, ...
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